Posted on 01/21/2008 10:33:00 PM PST by HAL9000
Former President Clinton stands to reap around $20 million -- and will sever a politically sensitive partnership tie to Dubai -- by ending his high-profile business relationship with the investment firm of billionaire friend Ron Burkle.Mr. Clinton is negotiating to end his relationship with Mr. Burkle's Yucaipa Cos. as part of a broader effort to protect the presidential campaign of his wife, Sen. Hillary Clinton, from potential conflicts of interest. Details of Mr. Clinton's involvement in Yucaipa and his efforts to unwind it come from documents and interviews with people familiar with the matter.
The former president has had links to Yucaipa since early 2002, when Mr. Burkle -- a longtime friend and political contributor -- offered him a role there. Mr. Clinton's association with the firm began at a time when he was looking to earn large amounts of money, partly to pay heavy legal bills accumulated to defend himself and Mrs. Clinton from several investigations during his presidency.
~ snip ~
(Excerpt) Read more at online.wsj.com ...
The Clintons' money situation has improved a lot since the days when Hillary Clinton had to liquidate her blind trust to pay Paula Jones.
FMCDH(BITS)
Nahh.
Just more eye wash for the media to repeat.
” Mr. Clinton is negotiating to end his relationship with Mr. Burkle’s Yucaipa Cos...”
For an unemployed guy, he draws a pretty good paycheck.
Sigh!
“Payoff” is more like it for these two greedy deadbeats. The Clintons are masters of the disguised bribe.
I suggest the Clintons haven’t had to pull money out of their own pockets in decades as a general rule, the Paula Jones case being the one exception.
I doubt they paid for their current home. I doubt Bill or Hillary pull money out of their pockets during the day even once.
They have organizations and people to do that for them.
So what the heck would they need $20 million for?
There is just too much money floating around on both sides of the isle.
Ehhh......my guess is never. The Clintons are above the law.
Grifters is right. When these two rats & their spawn from Arkansas went into the White House, they didn*t even own any property—came time for a vacation and no summer house, nothing. Looks like they*ve done *rat well* for themsefs.
...billionaire friend Ron Burkle.hey, I don't even remember that name from the list of Clinton last-minute pardons.
For an unemployed guy, he draws a pretty good paycheck.
In all honesty, all former Presidents do pretty well after their presidency. Book deals, speaking engagements, etc.
What real role did Bill Clinton have in this instance if not as an uber-lobbyist? The hypocrisy and selective outrage on the left would be deafening if it weren't for the silence.
The point is the dems are going after CEO pay/perks while the last former Dem President can reap in $20 million for doing essentially nothing but provide status and a gatekeeper for access.
Yes former Prez's of both parties do it - it's just the Dems that are able to have their anti-corporate cake and eat it too.
Guess there wasn't enough room in his suitcase for anymore state secrets to sell later on, after he and Hillary had stuffed it full of silverware.
It just never ends with these two despicable creeps.
That is beautiful! Should be headline everywhere! "We are going to take things away from you for the greater...........blah blah blah...."
FMCDH(BITS)
Bump
People should learn to be a bit more curious about someone who is out of office, does no discernable work, performs no service, and has hundreds of millions pouring into his coffers.
For what? Or, perhaps, from what? No one digs too deeply. I always assume, its just me, but I always assume its not new money, its old money being laundered back into daylight.
Bill Clinton May Get Payout of $20 Million...
but still on the payroll of the chinese and whatever happened to charlie tree/johnnie chung and the lippo bank payouts....norman hsu is so proud
...and the lib/dem msm just gives both clintons another pass!!!
Two bits says its somehow a tax free profit.
I betcha she would still steal from the Whitehouse and try to write off Bill’s underwear.
Let’s not forget the Mark Rich pardon. I’d bet he got a cool billion for that one.
I can't imagine him walking away from money.
As former friend and Whitewater colleague Jim McDougal was quoted, “The Clintons are like a hurricane... they come into your life and leave chaos in their wake.”
The MSM, which pretty much ignored Whitewater, never recognized this truth — and we’ll continue to live with it as long as they remain on the public stage.
It's a lot easier when the American taxpayer picks up your house payment by paying rent for a bungalow on the property to house the secret service for more than the house payment.
“bill clinton may get payout of $20,000,000 dollars....”
one wonders what the income tax bill would be for such a sum. (given his love for mankind, he should donate the whole amount to the i.r.s.)
“In all honesty, all former Presidents do pretty well after their presidency. Book deals, speaking engagements, etc.”
Yes, But not when the former President’s Wife is running for President. It may as well be the candidate that is excepting the 20 million from a foreign source. Something smells very bad in this deal.
To the Clintons “foreign policy” is choosing which offshore account to use.
Check out “The Rise of Ron Burkle” at www.Forbes.com.
“When they say Clinton was a black president, perhaps they’re actually equating him to Jesse Jackson”
Or.... the BLACK PLAGUE.
If Burkle was a massive donor to the Republicans instead of the Rats, his reality would be all over the NY Slimes, LA Slimes, Compost, Tribune and PRAVDAABCCNNBCBS. For now we have to search Forbes and similiar sites to find out about this dangerous super rich lunatic liberal investor:
http://www.forbes.com/free_forbes/2006/1211/104.html
After Hillary is beaten in November, she’ll still be in the Senate for four years, time enough for a viable opponent to emerge.
Like other “greedy capitalists” Bill is taking his profits this year while the tax rates are still low.
“Mr. Clinton’s association with the firm began at a time when he was looking to earn large amounts of money, partly to pay heavy legal bills accumulated to defend himself and Mrs. Clinton from several investigations during his presidency.”
When Hillary is the White House and there’s another purge of republicans in the justice dept. I wonder if Bush and Cheney will become the target of legal proceedings that have no other “legitimacy” than to drain their bank accounts for legal defense?
Jan 21, 2008:
"Hillary Clinton said that if she became president, the federal government would take a more active role in the economy, in an effort to address what she said were the excesses of the market and the Bush administration.
She told the New York Times she would put her emphasis on issues like inequality and the role of institutions like government, rather than market forces, in addressing them.
She said that economic excesses — including executive-pay packages she characterized as often "offensive" and "wrong" and a tax code that had become "so far out of whack" in favoring the wealthy — were holding down middle-class living standards."
"Coronate me NOW!!!!!!!!!!!!"
Dollars to donuts the $20M was laundered through Soros' N/P, or Marc Rich's "global trading groups," out of sight of the IRS, FEC and US banking laws.
But then, one would greatly underestimate the greed of the Clintons.
Just having him as VP on the ticket would do that. ;’)
I won’t end until they are both dead. You can bet neither one will let go of anything until they are back in OUR HOUSE!!
The Clintons have NEVER owned a house THEY paid for. They have been at the public traugh all of their collective lives. It won’t be over until they are both six feet under.....
Now isn’t that sssss-pe-ccciaaaaal!
He’ll just move it into a Trust on Fiji like the Kennedys did and pay no taxes.
Isn’t this why the good Senator Lott from Mississippi is stepping down? He wants to get his piece of the action before there is the allusion of a clamp down.
Isn’t this why the good Senator Lott from Mississippi is stepping down? He wants to get his piece of the action before there is the allusion of a clamp down.
You bring up another question re the total lack of integrity with the Clintoons.
Why won’t they release their tax forms for the past few years, and who, what, where was the flow of this money to Bill.
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